Kennedy, Inc. reported the following data:Net income$149,333Depreciation expense16,206Loss on disposal of equipment(10,457)Gain on sale of building21,852Increase in accounts receivable9,450Decrease in accounts payable(3,853)Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the>minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.Kennedy, Inc.Statement of Cash FlowCash flows from operating activities:Adjustments to reconcile net income to net cash flow from operating activities:Changes in current operating assets and liabilities:Net cash flow from operating activities%24%24

Kennedy Inc. Cash Flow Statement (Indirect Method) Cash Flow from Operating Activities Amount…

Kennedy, Inc. reported the following data: Net income $149,333 Depreciation expense 16,206 Loss on disposal of equipment (10,457) Gain on sale of building 21,852 Increase in accounts receivable 9,450 Decrease in accounts payable (3,853) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Us I minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities

Kennedy, Inc. reported the following data: Net income $149,333 Depreciation expense 16,206 Loss on disposal of equipment (10,457) Gain on sale of building 21,852 Increase in accounts receivable 9,450 Decrease in accounts payable (3,853) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Us I minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject :- Accounting
Munster Company reports the following net cash in its statement of cash flows: net inflow from operating activities: $200; net outflow from investing activities: $300; net outflow from financing activities: $50. The ending balance in cash is $20; the beginning balance must have been Multiple choice question. $190. $210. $150. $170.
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Using the indirect method, calculate the amount of cash flows from operating activities from the following data. Net income $150,000 Beginning accounts receivable 20,000 Ending accounts receivable 25,000 Beginning prepaid insurance 5,000 Ending prepaid insurance 2,000 Beginning accounts payable 15,000 Ending accounts payable 12,000 Depreciation expense 50,000 Amortization of intangible asset 6,000 Dividends declared and paid 11,000 Cash flows from operating activities $ %24
Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts receivable Decrease in accounts payable Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Cash flows from operating activities: $152,168 12,599 (10,151) 19,285 8,486 (3,847) Kennedy, Inc. Statement of Cash Flow Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 0 000 0
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Subject: acounting
Using the indirect method, calculate the amount of cash flows from operating activities from the following data: Net Income $199,000 Beginning Accounts receivable 22,000 ending accounts recievable 29,000 Beginning Prepaid insurance 5,000 Ending prepaid insurance 2,000 Beginning Accounts payable 15,000 Ending Accounts payable 14,000 Depreciation expense 50,000 Amortization of intangible asset 6,000 dividends declared and paid 11,000
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